Richard Sengmany

Explainer: How does the equity research market work?

Every day, banks and brokers publish notes on listed companies, with "Buy", "Hold", or "Sell" recommendations on stocks and target prices raised or lowered. These opinions are picked up by the media, debated on television, and integrated into news feeds: "The stock rises after a positive note from…", "The stock drops after a downgrade…". For many individual investors, these announcements seem like verdicts handed down from above. In reality, they are the product of a very specific market: equity research.

March 12, 2026 at 11:48 am EDT

Maurel & Prom: Record Profits and Production Acceleration for 2026

Maurel & Prom (M&P) posted one of the strongest gains on the SRD market, rising 6.10% to 10.53 euros. Shares in the hydrocarbon exploration and production specialist climbed following a 72% surge in net income (group share) for the 2025 fiscal year. This reached 410 million dollars, setting a new record. Furthermore, operating income stood at 403 MUSD, a 56% increase.

March 12, 2026 at 11:33 am EDT

Voltalia meets operational targets but losses deepen

Voltalia (-7.27% at 6.44 euros) recorded one of the sharpest declines on the SRD market. Shares in the renewable energy solutions specialist tumbled, penalized by a net loss of 128.1 million euros for the 2025 fiscal year, compared to a loss of 20.9 million euros in 2024. This negative result is explained by massive exceptional items related to the group's restructuring (Spring plan), including reorganization costs and geographic refocusing. Added to this is the persistent impact of curtailment (voluntary limitation of electricity production imposed by the grid operator) in Brazil, which weighed on margins.

March 12, 2026 at 10:52 am EDT

European markets continue slide amid geopolitical tensions, JCDecaux leads gains

Following a wave of corporate earnings, European stock markets are extending their decline. Indices turned red as geopolitical tensions remain high on the 13th day of the conflict between the United States and Iran. Ninety minutes after the opening bell, the CAC 40 is down 0.57% at 7,996.11 points, heading toward a second consecutive session of losses. The Eurostoxx 50 is shedding 0.81% to 5,748 points.

March 12, 2026 at 05:35 am EDT

TFF Group still expects 25% revenue contraction for fiscal year 2025/2026

Over the first nine months of its 2025/2026 fiscal year, TFF Group reported revenue of 243.4 million euros, down 25.6% at current exchange rates and 22.6% at constant exchange rates. The chronic weakness of the dollar throughout this period continues to weigh on revenue, with an impact of nearly 10 million euros as of the end of January 2026.

March 11, 2026 at 01:24 pm EDT

Middle East conflict: IEA to release 400 million barrels of oil

The 32 member countries of the International Energy Agency (IEA) today unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market. The move is aimed at addressing disruptions to oil markets stemming from the war in the Middle East.

March 11, 2026 at 10:59 am EDT

Eurazeo: Record fundraising in 2025 at €5.5 billion

March 11, 2026 at 09:35 am EDT

European market optimism fades on day 12 of Iran conflict

Closing yesterday on a rebound following Donald Trump's optimistic remarks regarding a swift resolution to the conflict between the United States and Iran, European stock markets are sliding back into the red this Wednesday amid a heavy geopolitical climate. On the twelfth day of the standoff between the U.S. and Iran, geopolitical uncertainty and oil price volatility remain at the forefront of investor concerns. Around 12 p.m., the CAC 40 is down 0.24% at 8,037.77 points, while the Eurostoxx 50 drops 0.49% to 5,808.74 points.

March 11, 2026 at 07:13 am EDT

Haulotte: Return to growth and profitability expected for 2026

In a global aerial work platform market that hit its lowest level since the 2020 Covid outbreak, Haulotte reported 2025 revenue of €512 million, down 18% at constant exchange rates compared to 2024. Europe was the only region to post sales growth (2%), driven by positive volumes.

March 10, 2026 at 01:13 pm EDT

Assystem forecasts organic revenue growth of 2 to 4% in 2026

In 2025, Assystem recorded consolidated revenue of 656.6 million euros, representing growth of 7.4%, including 4.5% organic growth. Nuclear activities accounted for 77% of consolidated revenue.

March 10, 2026 at 12:57 pm EDT

Séché Environnement targets sustained growth and improved profitability in 2026

Séché Environnement is up 5.87% at 70.30 euros. Markets are reassured by the 2026 targets announced yesterday by the group, alongside the publication of its mixed results for the 2025 financial year.

March 10, 2026 at 10:51 am EDT

BNP Paribas Cardif: Record Revenue in 2025

March 10, 2026 at 05:52 am EDT

RBC maintains Outperform rating on Engie with raised price target

RBC has reiterated its Outperform recommendation, raising its price target from 25 to 30 euros per share. "We are updating our estimates following the 2025 fiscal year results and Engie's £10.5 billion acquisition of UK Power Networks (UKPN). We view this transaction as a successful milestone in the execution of the group's strategy," the Canadian bank explained to justify its decision.

March 10, 2026 at 05:27 am EDT

Goldman Sachs Revises Oil Sector Forecasts Amid Strait of Hormuz Blockade

Goldman Sachs has updated its estimates for European oil majors and the Exploration-Production (E&P) sector, including bp, Eni, Equinor, Repsol, Shell, and TotalEnergies. The American bank is now aligning its oil, gas, and refining price assumptions for 2026-2027 with the current forward curve (as of March 6, 2026).

March 09, 2026 at 11:58 am EDT

Goldman Sachs Revises Oil Sector Forecasts Amid Strait of Hormuz Blockade

Goldman Sachs has updated its estimates for European oil majors and the Exploration-Production (E&P) sector, including bp, Eni, Equinor, Repsol, Shell, and TotalEnergies. The American bank is now aligning its oil, gas, and refining price assumptions for 2026-2027 with the current forward curve (as of March 6, 2026).

March 09, 2026 at 10:35 am EDT

European Markets Plunge as Oil Surges Amid Geopolitical Pressure

The conflict between the United States and Iran enters its tenth day. This Monday, geopolitical uncertainty is weakening European stock exchanges and boosting oil prices. Ninety minutes after the opening bell, the CAC 40 is down 2.10% at 7,825.32 points, heading toward a third consecutive session in the red. The Eurostoxx 50 is shedding 2.57% to 5,573.01 points.

March 09, 2026 at 05:39 am EDT

Capgemini to acquire Piterion

Capgemini has signed an agreement to acquire Piterion, an independent specialist in Product Lifecycle Management (PLM) and Manufacturing Operations Management (MOM). Piterion is recognized for its ability to interconnect critical industrial systems and manage highly complex PLM environments.

March 09, 2026 at 03:50 am EDT

Dassault Aviation

The Board of Directors of Dassault Aviation has decided to reduce the company's share capital by canceling 684,288 registered treasury shares.

March 09, 2026 at 03:15 am EDT

Ipsen

Ipsen has announced the voluntary withdrawal of Tazverik (tazemetostat) from all markets where it is currently sold, across all indications. The company stated that this move "is not expected to impact the company's financial guidance."

March 09, 2026 at 03:14 am EDT

TotalEnergies

TotalEnergies, operator of the Tilenga project in Uganda through its subsidiary TotalEnergies EP Uganda (TEPU), has released the independent assessment report conducted by the Canadian firm Land & People Planning Ltd regarding the land acquisition, resettlement, and livelihood restoration program implemented for the Tilenga project, along with the action plan adopted by TEPU based on the report's recommendations.

March 09, 2026 at 03:12 am EDT

Worldline

Worldline has announced the launch of a reserved capital increase of approximately 108 million euros, to be subscribed by three strategic investors: Bpifrance Participations, Crédit Agricole, and BNP Paribas.

March 09, 2026 at 03:10 am EDT